Tag

Offshore Wind

All articles tagged with #offshore wind

climate-and-environment1 month ago•4 min saved

California sues over Trump wind-buyout deal that scrubs Morro Bay project

California filed a federal lawsuit against the Trump administration and wind developer Golden State Wind, alleging a buyout that paid the developer to drop offshore wind leases in favor of oil and gas violates federal law and wastes taxpayer money. The move, part of a broader set of wind-lease cancellations, leaves California with just two offshore wind leases and threatens its goal of 25 GW by 2045, potentially costing up to 170,000 clean-energy jobs; the state argues the Outer Continental Shelf Lands Act requires California input on leasing decisions and that the payments draw from a federal fund meant to settle lawsuits.

via Los Angeles Times|

#california #climate-and-environment #energy-policy

politics1 month ago•61 min saved

Wind deal payout funds Trump donor’s LNG project, prompting ethics questions

Under a settlement that cancels offshore wind leases, German energy group RWE will receive about $1.2 billion in a fund, with roughly $900 million funneled into buying a stake in Woodside Energy’s Louisiana LNG project. The stake is being purchased from a private equity fund run by Michael Dorrell, a Trump donor and associate of Stonepeak, prompting lawmakers to scrutinize potential conflicts of interest even as White House officials say the deal was a corporate decision and not coordinated by the administration.

via Yahoo|

#louisiana-lng #offshore-wind #politics

politics1 month ago•7 min saved

From Wind to LNG: $900M Settlement Benefits a Trump Donor’s LNG Play

The Trump administration wrapped a settlement with RWE to cancel offshore wind leases in New York, California, and Louisiana in exchange for $1.2 billion from a federal fund, with about $900 million earmarked for RWE to buy into a Louisiana LNG project via Stonepeak, the private equity firm co-founded by Trump donor Michael Dorrell. Democrats are widening probes over potential conflicts of interest, while White House officials say no department officials directed the deal choices. Critics argue the settlements waste taxpayer funds and do little to advance wind or LNG goals, instead shifting money to a donor’s business and reducing Stonepeak’s exposure.

via The Washington Post|

#louisiana-lng #offshore-wind #politics

politics1 month ago•3 min saved

California pursues court action over Trump offshore wind cuts

California issued an investigative subpoena to German energy firm RWE as part of a broader probe into the Trump administration’s efforts to cancel offshore wind projects, arguing the settlements divert funds and are unlawful and signaling it will take the matter to court; the state has previously subpoenaed Golden State Wind and Invenergy as it continues to challenge offshore wind cancellations that have already paused several California projects.

via politico.com|

#california #legal-action #offshore-wind

opinion1 month ago•14 min saved

Trump's anti-wind stance costs billions and stalls America's energy future

The New York Daily News editorial board argues that Trump's opposition to offshore wind has led to about $4 billion in payments to cancel projects, harming energy independence, raising costs for consumers, and accelerating climate risks, while urging renewed evaluations so viable wind projects can proceed and reduce reliance on volatile energy markets.

via New York Daily News|

#climate-change #energy-policy #offshore-wind

politics2 months ago•4 min saved

Trump Admin Redirects Billions From Offshore Wind To Fossil Fuels

The Trump administration has reached a $1.22 billion settlement with German energy firm RWE to cancel offshore wind leases near New York, California, and Louisiana, diverting funds to fossil-fuel projects including a 16% stake in an LNG venture and plans for natural gas plants. This marks the fifth deal of its kind, bringing total payouts to about $4 billion to kill green-energy projects and prompting criticism over taxpayer costs and environmental impact.

via Engadget|

#energy-policy #fossil-fuels #lng

local2 months ago•5 min saved

Humboldt Bay Offshore Wind Pause Triggers Local Backlash as Feds Buy Back Leases

The Trump administration agreed to pay about $1.22 billion to buy back three offshore wind leases, including one off Humboldt Bay from German firm RWE, effectively halting the projects and drawing sharp criticism from Humboldt County officials who argue the move undermines clean energy, jobs, and local economic gains, while California and the state’s agencies continue pursuing renewable energy goals and related infrastructure funding.

via Lost Coast Outpost|

#humboldt-bay #lease-buyback #local

climate-and-environment2 months ago•6 min saved

California Offshore Wind Faces Setback as RWE Walks Away in $1.22B Deal

German energy company RWE agreed to abandon offshore wind leases off New York, Louisiana and California’s Humboldt coast in a $1.22 billion deal with the Trump administration, the largest of five such buyouts totaling about $2.7 billion aimed at steering projects away from offshore wind toward fossil fuels; the deal jeopardizes California’s 2045 offshore wind goals, leaving only two West Coast leases, as RWE reallocates funds to an LNG terminal stake and natural gas turbine development, a move critics say undermines clean energy and jobs while California pursues its climate targets.

via Los Angeles Times|

#california #climate-and-environment #fossil-fuels

politics2 months ago•2 min saved

Trump admin pays $1.22B to drop offshore wind leases, steering funds to fossil fuels

The Trump administration struck a $1.22 billion deal with German firm RWE to relinquish offshore wind leases off New York, California, and Louisiana and redirect resources toward fossil-fuel projects, including a $900 million LNG stake and a $300 million pipeline of gas peaker plants. Critics say the settlement is part of a pattern of payouts to kill renewables, wasting taxpayer money while expanding fossil fuel infrastructure, with total government spend on canceled offshore wind projects approaching $4 billion.

via The Guardian|

#fossil-fuels #offshore-wind #politics

politics2 months ago•121 min saved

Trump freezes offshore wind development over national security concerns

President Donald Trump announced a halt to offshore wind development, citing national security concerns and launching a broader review of energy policy; the move pauses projects and has sparked debate between supporters who view it as a security measure and critics who warn it could undermine clean energy goals and jobs.

via AP News|

#climate-and-environment #donald-trump #energy-policy

energy3 months ago•5 min saved

Wind Jobs at Risk as Trump Halts Projects and Bets on Lease Buyouts

Trump’s wind-energy crackdown—stop-work orders, halted leases, and more than $2.6 billion in lease buyouts—has unsettled union workers on offshore projects like Revolution Wind, threatening thousands of well-paid jobs even as some turbines come online; supporters say the moves prioritize existing infrastructure while critics call them costly and job-destroying for the industry.

via The Guardian|

#energy #offshore-wind #stop-work-orders

politics3 months ago•8 min saved

Billion-dollar wind-to-gas swaps spark accusations of illegality and higher bills

The Interior Department is accused of orchestrating nearly $3 billion in taxpayer funds to fossil-fuel projects by canceling offshore wind leases with TotalEnergies, Invenergy, and Duke Energy in favor of gas, arguing the actions are illegal and would raise Americans' energy costs; lawsuits are expected as courts review the moves.

via Electrek|

#energy-policy #energy-security #fossil-fuels

energy3 months ago•4 min saved

Duke Energy Redirects $129M From Scrapped Offshore Wind to Grid-Strengthening Projects

Duke Energy will redirect nearly $129 million tied to its canceled Carolina Long Bay offshore wind lease into investments to add generating capacity and grid upgrades—potentially including new natural gas or advanced nuclear—aimed at improving reliability and keeping costs low for Carolinas customers, under a settlement with the Trump-era Interior Department.

via Carolina Journal|

#carolina-long-bay #department-of-the-interior #duke-energy

world3 months ago•6 min saved

Solar Surge Behind Backlash to Trump’s Fossil-Fuel Push

Trump’s aggressive push to boost fossil fuels and curb offshore wind faces legal and political pushback, even as solar power posts record gains in May 2026 and rooftop/plug-in solar expands, with California and New York pursuing actions to accelerate clean energy despite ongoing policy headwinds.

via Euronews|

#energy-policy #offshore-wind #renewables

politics3 months ago•18 min saved

Trump backs fossil-fuel pivot: $765 million to cancel wind leases, fund gas and geothermal plants

The Interior Department will pay $765 million to Invenergy to abandon four offshore wind leases off New York, California, and Maine, redirecting the funds to build at least five natural gas plants and geothermal projects, bringing total government wind-cancellation spending to about $2.6 billion. Democrats criticize the move as blocking renewables and potentially raising power bills, while supporters say it shifts funding toward more reliable energy and national security concerns; the deals follow prior arrangements with TotalEnergies and have drawn legal challenges from some states.

via Yahoo Finance|

#energy-policy #invenergy #natural-gas